HYSA vs. XEMD
HYSA (Bondbloxx USD High Yield Bond Sector Rotation ETF) and XEMD (BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF) are both exchange-traded funds - HYSA is a High Yield Bonds fund actively managed by BondBloxx, while XEMD is a Emerging Markets Bonds fund tracking the JP Morgan EMBI Global Diversified Liquid 1-10 Y Maturity Index - Benchmark TR Gross. HYSA is actively managed, while XEMD is passively managed. Over the past year, HYSA returned 3.82% vs 9.04% for XEMD. Their 0.52 correlation means they have sometimes moved together and sometimes differently. HYSA charges 0.55%/yr vs 0.29%/yr for XEMD.
Performance
HYSA vs. XEMD - Performance Comparison
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Returns By Period
In the year-to-date period, HYSA achieves a 1.64% return, which is significantly lower than XEMD's 3.25% return.
HYSA
- 1D
- 0.37%
- 1M
- -0.18%
- 6M
- 1.09%
- YTD
- 1.64%
- 1Y
- 3.82%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 7.92%
XEMD
- 1D
- 0.28%
- 1M
- -0.09%
- 6M
- 2.24%
- YTD
- 3.25%
- 1Y
- 9.04%
- 3Y*
- 10.40%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 9.41%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $394.63K | $835.56K | $981.20K | |
| $2.54M | $8.98M | $8.20M |
HYSA vs. XEMD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
HYSA Bondbloxx USD High Yield Bond Sector Rotation ETF | 1.64% | 8.37% | 6.71% | 5.95% |
XEMD BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF | 3.25% | 13.98% | 8.77% | 5.75% |
Correlation
The correlation between HYSA and XEMD is 0.42, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.42 |
Correlation (All Time) Calculated using the full available price history since Sep 18, 2023 | 0.52 |
The correlation between HYSA and XEMD has been stable across timeframes, ranging from 0.42 to 0.52 - a consistent structural relationship.
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Return for Risk
HYSA vs. XEMD — Risk / Return Rank
HYSA
XEMD
HYSA vs. XEMD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bondbloxx USD High Yield Bond Sector Rotation ETF (HYSA) and BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF (XEMD). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| HYSA | XEMD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.09 | ||
| Sortino ratioReturn per unit of downside risk | -1.69 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.37 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 1.22 | 2.58 | -1.36 |
| Martin ratioReturn relative to average drawdown | 4.85 | 11.13 | -6.29 |
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Drawdowns
HYSA vs. XEMD - Drawdown Comparison
The maximum HYSA drawdown since its inception was -4.90%, smaller than the maximum XEMD drawdown of -10.01%. Use the drawdown chart below to compare losses from any high point for HYSA and XEMD.
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Drawdown Indicators
| HYSA | XEMD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.90% | -10.01% | +5.11% |
Max Drawdown (1Y)Largest decline over 1 year | -3.15% | -3.52% | +0.37% |
Max Drawdown (3Y)Largest decline over 3 years | — | -4.23% | — |
Current DrawdownCurrent decline from peak | -0.23% | -0.22% | -0.01% |
Average DrawdownAverage peak-to-trough decline | -0.67% | -1.23% | +0.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.81% | 0.81% | 0.00% |
Volatility
HYSA vs. XEMD - Volatility Comparison
Bondbloxx USD High Yield Bond Sector Rotation ETF (HYSA) has a higher volatility of 1.28% compared to BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF (XEMD) at 1.09%. This indicates that HYSA's price experiences larger fluctuations and is considered to be riskier than XEMD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HYSA | XEMD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.28% | 1.09% | +0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 3.62% | 3.83% | -0.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.80% | 4.77% | +0.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.97% | 6.80% | -0.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.97% | 6.80% | -0.83% |
HYSA vs. XEMD - Expense Ratio Comparison
HYSA has a 0.55% expense ratio, which is higher than XEMD's 0.29% expense ratio.
Dividends
HYSA vs. XEMD - Dividend Comparison
HYSA's dividend yield for the trailing twelve months is around 6.73%, more than XEMD's 5.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
HYSA Bondbloxx USD High Yield Bond Sector Rotation ETF | 6.73% | 6.70% | 6.99% | 2.65% | 0.00% |
XEMD BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF | 5.76% | 6.15% | 6.30% | 6.19% | 3.08% |
Frequently Asked Questions
HYSA and XEMD have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HYSA has higher volatility (1.28%) compared to XEMD (1.09%). In terms of maximum drawdown, HYSA dropped -4.90% vs XEMD's -10.01%.
On 1-year performance, XEMD leads with 9.04% vs 3.82% for HYSA. On fees, XEMD is cheaper at 0.29% per year. On volatility, XEMD has been the lower-risk option at 1.09%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, XEMD has performed better with a 9.04% return vs 3.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XEMD is cheaper with a 0.29% expense ratio, compared with 0.55% for HYSA.
HYSA has the higher dividend yield at 6.73%, compared with 5.76% for XEMD.
HYSA is categorized as High Yield Bonds, while XEMD is Emerging Markets Bonds. Their fees differ too: 0.55% for HYSA and 0.29% for XEMD.
XEMD currently has the higher Sharpe Ratio (1.91 vs 0.82), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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